Bitcoin prices rise to approximately 104 thousand dollars $ 400 million in BTC Handish Battles, and open doors to make additional gains

The rapid price rally at Bitcoin has caught merchants, which led to the large qualifiers of the Haboodi short situations.

The leading cryptocurrency increased by market value by more than 3 % to 102,500 dollars within the past 24 hours, with prices reached 104,000 dollars at some point, which is the highest level since January 31. The bullish move came as President Donald Trump announced a comprehensive trade deal with $ 40.

The broader market also increased, with the total number of the market for all metal currencies with the exception of BTC by 10 % to $ 1.14 trillion, which is the highest since March 6, according to the TRANINGVIEW data source.

This has led to large qualifiers from the short Habboudi situations, or the outstanding plays aimed at taking advantage of price losses. The place or forced closure is filtered when the merchant account balance decreases below the required margin level, and is often due to negative price movements. This leads the exchange to close the situation to prevent more losses automatically.

Nearly $ 400 million has been filtered in BTC short positions during the past 24 hours, as the total highest day has been collected since November at least, according to Coinglass. Meanwhile, $ 22 million has been eliminated in long positions.

This major imbalance indicates that the leverage was significantly inclined to the declining side, and the rapid liquidation of the short pants indicates that there may be more budget capabilities for the next market.